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The Rise in Crowd Powered Business [Infographic]

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Crowd Powered Business

There had been increasing number of organizations and even governments have recognized the power of crowds and are utilizing crowdsourcing for everything from design, marketing, administration, innovation to marketing researh and raising money.

In an infographic released by Design Contest, it shows that there had been an increasing trend in companies, organizations and even the White House in using the power of the crowd to fulfill some of its operations.

Key Take-aways:

  • – Examples of organizations that used crowdsourcing are the following:
  • – Design Contest with over 1,000 contests currently live
  • – Odesk crowd sourced labor with 2,461 035 hours worked, Over $25 million earned, over 135,000 jobs posted
  • – Trada crowd sourced online advertising with over 2000 PPC experts, 9030 adverts created
  • – ChallengePost crowd sourced problem solving as used by Samsung, Mozilla, and White House
  • – Iceland crowdsourced its latest constitution

The Crowd Powered Business infographic

Crowd Powered Business
Crowd Powered Business

For you and your business, would you consider using the power of the crowd?

About

Jonha Revesencio is a Social Media and Community Manager, Personal Finance Blogger. She loves to curate Infographics. Connect with her on Twitter and Facebook!

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{ 7 Responses }

  1. Samuel says:
    Hmmm, very interesting concept. it is amazing how the country of Iceland is using social media to write its constitution. That is how it should be meant to be written, by the masses of that respective country. Crownd sourcing is a fine way to see something tested that you have done and what to work on. awesome infograph. Love this!
  2. Michael Stew says:
    I couldn’t agree more with the five reasons you have listed why a business needs a crowd to run and power its operations and services. In fact, crowd sourcing has been so popular that even big companies like Hewlett Packard, NBC, and AOL noticed its benefits by hiring contractors from these organizations to run some of its projects. The industry was able to change how business perceives hiring people away from the office. Companies are able to save money by giving up additional office spaces and furniture, and achieve multiple projects at a lower cost because the number of hours a “freelancer” devotes can be tracked accordingly. With the number of people involved in this kind of service, businesses get various ideas to choose from according to their needs and their prerogatives.
  3. Peter Palme says:
    Excellent Infographic on crowdsourcing. Thank you very much for this work. I still think it could be utilized more within any type of business and business process.
  4. Jacko says:
    You are really good at infographics I'm a big fan of visual aids. Iceland is bouncing back this time with no debt. The US talking heads say we are in a rebound now with the stock market booming but all the old debt is still there. My questions is, How far can a paper air plane fly? Hey do you know who won the 1st annual #IBCT? Do you agree with the selection?
  5. Sara says:
    I think as you say, that crowd has very power and can decide whose content worthy and with the internet expansion, people are more aware of what is good and reliable on the net and are also a good criterium whether your blog is doing well.Greece should do the same like Iceland!All these statistics are worthy of our attention.Thanks for sharing.
  6. Jacko says:
    woah this is a really good post. love the graphics. What else do you think we could learn from Iceland's handling of the financial crisis?
    • Jonha Revesencio says:
      Hi Jacko, Glad you like the post and thanks for sharing it on your Twitter page too. I think Iceland’s strategy in bouncing back after the huge financial crash that they suffered back in 2008 was a good one. They’ve managed to address their financial problem along with other constitutional and communication problems that they have by crowdsourcing their new constitution across social media channels. We can learn that problems could be solved through true paradigm shift. By the way, I didn’t know about IBCT until I’ve read your post